AirNet Technology Inc. (NASDAQ:ANTE) Sees Significant Increase in Short Interest

AirNet Technology Inc. (NASDAQ:ANTE) saw a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 137,800 shares, a growth of 1,200.0% from the January 31st total of 10,600 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average trading volume of 88,900 shares, the short-interest ratio is presently 1.6 days.

AirNet Technology Price Performance

Shares of ANTE traded down $0.01 during trading hours on Thursday, hitting $0.50. The company’s stock had a trading volume of 6,419 shares, compared to its average volume of 79,944. AirNet Technology has a 52-week low of $0.26 and a 52-week high of $2.90. The business has a 50 day simple moving average of $0.46 and a two-hundred day simple moving average of $0.42.

AirNet Technology Company Profile

AirNet Technology Inc, together with its subsidiaries, operates out-of-home advertising networks in the People's Republic of China. It provides in-flight solutions to connectivity, entertainment, and digital multimedia; in-flight entertainment and advertising contents, including sports, comedies, local attractions, reality shows, commentaries, documentaries, and copyrighted entertainment contents; and internet connections through a network of satellites and land-based beacons.